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. melissa: that was quick end to the point. at the career of being taxed without representation right now. that is all the "money" we have for you today. we'll see you back here tomorrow. gerri willis is up next. ♪ gerri: hello, everybody. i'm gerri willis. tonight on "the willis report". >> is hello kitty really terrifying to some of us? why is one pennsylvania kindergartner in big trouble over his toy gun that only shoots out bubbles? we will have the details on this extraordinary case next. and as president obama celebrates his inauguration day, what will another four years mean for us? >> new ideas and technology. >> that, if you have just a cold? died missing themselves instead of going to the actual doctor. but is this safe? we will ask dr. mitchell brooks. "the willis report" is on the case. gerri: tonight stop -- top story takes us to a suburb located about 90 miles northwest of philadelphia. officials at an elementary school have suspended a five year-old girl over what they called terrorist threats. after the kindergartner reportedly told a classmate that she wanted to share w
phil michakelson tee off over his taxes. and he's not going to take it anymore, or is he? sue herera is live at the new york stock exchange. >> earnings are front and center with j & j, dupont, travelers all out with results. more on them in a few minutes. let's get you ahead of the curve. google is getting ready to report its latest results after the bell. fears about an ad revenue and major focus on those shares. google right now is down 3 bucks on the trading session. john is in silicon valley with what investor s need to know ahead of the numbers. >> couple of important themes this quarter, mobile and mobile. mobile's impacted on the core business. as more people do searches from mobile devices, google's revenue has been coming down. it's more than likely this trend will continue as smartphone and tablet sales spike. cbc could come down 11%. it was down 15% last quarter. then we have the nexus 7 and nexts 10 tablets. in q3, some analysts estimate google sold around 100 million tablets. and then you have motorola, and i am hearing the mobile phones are not selling that well. last
, boarding and stashing my stuff. melissa: looking at your boots. >> income inequality taxes would get rid of it. melissa: that's all the "money" we have for you today. o.c. becker tomorrow thanks to both of you. gerri: -- "the willis report" hello, everybody. i'm gerri willis. tonight, hold onto your wallets. ceos from around the globe telling us how to spend our hard-earned cash for climate change. a look at the billions of waste will dollars and how much it's costing you. end of breakdown a new report showing how many trips to the moon you can take in the amount of time it a stake in the senate to pass a budget. also, one of the highly recommended retirement investments falling short. we will "cover your assets" as we look up for you and your money. "the willis report" is on the case. more on target date funds coming up later. first, tonight's top story, record low temperature sweeping across the united states and langdon, north dakota wind chills but the temperature down to what felt like-51 degrees fahrenheit. imagine, frigid temperatures close dozens of schools and so far two deaths
. melissa: if you thought washington satisfied its search to tax breaks it -- rich, think again. senate democrats reportedly want even more knew taxes. lori: breaking details out of algeria after the bloody for a hostage situation at the gas plant. hopes fading for survivors. the grim toll and the unanswered questions that. president obama making his career just a couple of moments ago that he is ready to do battle on the economy and that, but not at the expense of social security, medicare, and medicaid >> we, the people, still believe that every citizen deserves a basic measure of security and dignity. we must make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. lori: the president giving his second inaugural address this morning. rich edson now joining us from washington d.c., and that was certainly a politically partisan address we heard from the president. >> reporter: well, it was a d
melissa: i'm melissa francis and here's what's "money" tonight. are no state income taxes the next big thing? feels like it. nebraska is the latest to consider ditching them for good. but unlike other recent proposals nebraska governor dave heineman says he is not going to raise other taxes to make up for it. hmmm. he will join us to explain just how that could possibly work coming up. >>> plus, an offer from the islamic militants holding two americans hostage in algeria. they will release them in exchange for two convicted terrorists currently in u.s. prisons. could attacks like this against oil and gas facilities become a new tactic in the war against terror? we'll hear from today's power panel. >>> we're shelling out big bucks for purell, flu shots, respiratory masks, tamiflu like there is no tomorrow and people are still getting sick in record numbers. drug companies may be profiting. are we just wasting our money? we'll get to the bottom line. even when they say it's not it is always about money. melissa: all right. first today's market moment. a slate of strong corporate earn
give a tax credit to any one who would turn in what lawmakers are calling an assault weapon and also another measure aimed at creating the overall bigger picture of mass violence. >> at the news conference the president accused republicans of trying to collect a ransom in exchange for not crashing the u.s. economy. they are demanding more spending cuts before they agree to raise the nation's debt ceiling. the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >> john boehner responded the american people do not support raising the debt ceiling without reducing government spending statement. wendell, a government shut down, is that something that really mig
taxes. this happy couple used capital one venture miles for their "destination wedding." double miles you can "actually" use. but with those single mile travel cards... [ bridesmaid ] blacked out... but i'm a bridesmaid. oh! "x" marks the spot she'll never sit. but i bought a dress! a toast... ...to the capital one venture card. fly any airline, any flight, anytime. double miles you can actually use. what a coincidence? what's in your wallet? [ all screaming ] watch the elbows ladies. [ breathes deeply, wind blows ] [ male announcer ] halls. let the cool in. has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >>brian: getting heat for suggesting he may make changes to his own life based on the increasing tax burden placed on successful americans especially in california. even forbes, a magazine featuring successful people, is jumping on the band wagon writing -- quote -- "mickelson should stop whining and give thanks for your good fortune." now h
leaving the state of california and there are better ways to raise revenue. one is by broadening our tax base by encouraging businesses to come to the state of california and expand here. that will solve our problems of increasing revenue. melissa: you talk about that the way you would encourage businesses to come would be to lower their tax rate. so, you know, it is quite the opposite of raising it. do you think you could ever get that done in california's current climate? >> not in our current climate we are not going to get it done. we need to cut government regulations. we need to give businesses incentives to be here. that in turn would bring revenue. melissa: you know it does not work for me right now, i will have to make some changes. i ventured prosperity in that. races on income over $1 million. it used to be 10.3%. for him, that is $1.8 million. he made $60 million. that tax is making a big difference for him. nebraska governor has talked about eliminating the personal income tax and corporate income tax. do you think that those kinds of states will starts stealing valuable inc
tonight as well and a new tax on every share of stock you trade. she loves this story. looking more likely in europe. could it be a coming to wall street as well? the cd of td ameritrade will be joining us for that, among other things. earnings and lots more to talk with fred about. >> retail and whether investors are coming back. big nightmare for boeing, the dreamliner with problems and its stock still down. right now the news is not getting any better for the aircraft-maker. >> we've noticed a trend lately. you see some selling in the morning and then buying in the afternoon, and we have often thought of the afternoon trade as the smart money. >> and you see it right there on the intraday chart. i am so old, phil, i remember we introduced the infraday chart, a phenomenon that we could see what what is happening tick bytic, and there you see the pattern. >> and i'm so old we were handwriting the intradate chart. nasdaq doing the same thing. back in positive territory after spending much of the day negative. up three points right now at 3138, and the s&p, any positive close for the dow in
that everybody is in lockdown mode as we wait to figure out what our tax rates are going to be, where the spending cuts are going to be, that it is going to impact the economy. my question is how much of an m impact going to see earnings? are they going to get hit? >> that's the key to the whole thing. as we said, the beige book numbers, when they came out there were cents. see earnings coming out, we will see comments and none are going to be positive. none will be excited about the future, and stock prices and multiples expand when people feel possible about the future. going to impact them? numbers might come in spot on. the whisper numbers, everyone is looking for, meaning hoping the numbers are a little bit bitter. i think as numbers come in, we'll start to see very little movement going north, unfortunately. >> the followup to that is how much of all of that is priced into the market? does the market react negatively or positively when in fact we see the earnings took a hit? >> in fact, rick santelli, had a slew of economic data out, the beige book and lieu it all the market is
debate, it can be far harder to solve than the taxes, we think the market can be down for a while, and before it comes back up. >> so you're looking for a decline, and perhaps that is an entry point for some. do you agree with that? >> i think any decline is an opportunity to buy, maria. i'm very, very bullish on u.s. equities and one of the main reasons i am the u.s. energy story which i think is a story that's not being told as well as it should be. in 2012 the u.s. oil production was up 16%. that was the biggest year over year increase in u.s. oil production since 18 at which just happens to be when we started producing oil so if we think about what's going on. we have right now -- right now we produce oil at 80%, the same price the rest of the world does. we produce natural gas at 25% of the price the rest of the world does. we have cheap energy here in the united states and we feel that will drive manufacturing back to the united states, create jobs, and when all this political stuff is over, that's going to be a big story that we'll talk about ten years from now. >> these ar
. >> greta: taxes and have you thought about our corporate tax rate? >> could have,we have the highest corporate tax rate in the entire world now. japan used to be number one and u.s. number two. they cut their rates and now when you combine state and federal taxes, the highest corporate tax rates in the world. >> greta: how does that affect your business? you're very successful, you're a rich man and how does it affect you and your employees. >> every dollar we pay in taxes is a dollar that we can't give back to the customers in lower prices, a dollar we can't pay to our team members and higher wages and benefits. it's a dollar that we can't give back to the suppliers with lower prices. it's a dollar that we can't donate fill v-- fi -- and you need to hear this next, but the headlines are screaming scandal. a new cheater joining the ranks of tiger woods, arnold schwarzenegger and kristin stewart. who is it? well, that's coming up. and in two minutes, a 16-year-old is drunk driving and a mother finds a public way to punish him. is she teaching him a good lesson or going too far? you se
not want to do it. he actually does want to negotiate on spending and tax reform. what he does not want to do is have that take place when the republican position on the debt takes the economy hostage. that is off the table. i think the president is smart to be firm and clear on that. next time it would be democrats if we had a republican president. ashley: would you agree, i know it is out of your area, but the senate has not passed a budget in four years now. would you agree with republicans that it is not the way to go and i could, in fact, be breaking the law without i do agree with them. we actually have not passed the budget. i am with them on this concern about our inability to actually do the basic work that a legislature must do. ashley: i know bernanke, timothy geithner, rating agencies and many more states what is the point of a debt ceiling? we routinely raise it anyway. what is the purpose? >> there is no purpose. the debt ceiling has become a device for fiscal irresponsibility. republicans and democrats both dated. senator obama voted against the debt ceiling increase. if
like payroll taxes for medicare and social security are putting u yo in a taker category. when the president does kind of a switcheroo like that, what he's trying to do is we are maligning these programs. so it's kind of a convenient twist of terms to try and shadow box a straw man in order to win by default. >> steve, interpret that for common people like me. because there's a lot of double talk there that i didn't hear him explain it that way when he said it originally. and it doesn't make much sense to me now that he has said this. >> no. and the entire message of the last few years of the republican party whether it's makers versus takers, whether it's the 47% theme. the 47% who supposedly don't pay taxes. they're talking about federal income tax. not state taxes, estate taxes, these sorts of things. that the republican party ran into this big problem in 2012 where that message alienated people. >> let me show you what he said in 2005 about social security. now he's talking about how people paid in and it's earned. but he said -- let me quote it. it says -- this is a quote.
more. you do not want to miss lou dobbs coming up with his take of the situation as well. lori: one tax stock or company helping you file your tax returns is hitting a 52-week high. is there more upside the head? melissa: and retirement age racing. they plan to increase the retirement age to 70. a look at metals as we head out to break. gold trading higher by half a percentage point. copper leading the way from a percentage point of view. we will be right back. melissa: as with every 15 minutes, let's check the market. nicole is watching. nicole: i am, indeed. this is a name that has headlines and number one performer in the s&p 500 today. stellar performance, up 9.5%. there is quite a bit going on with cbs. they're turning their north and south american outdoor advertising divisions, putting some billboard divisions up for sale. one analyst says a split could unload asset values between 5,000,000,006,000,000,000. here is a one-year chart that shows you how well they set up for the one-year period the tenure charge shows how we went through the crisis. recouped all those losses and stil
's unacceptable for some republicans in congress to hold middle class tax cuts hostage simply because they refuse to let tax rates go up on wealthiest americans. >> sean: gun at the head of the american people and republicans hostage takers and mr. president, comments like that are responsible for the gridlock in washington and whether or not mr. president, you like to believe it, you're to blame. and with us, stuart varney and co-host of "the five", dana perino, it never stops. >> at least he's consistent? good point. >> there are -- when there's a saying, you know, don't believe your own hype. i also think that in some ways presidents should not read their own press. there are always going be to be critics and i remember george w. bush did not spend a lot of times reading the nasty things that people said about him. he would say, look, this is where i think we need to go, this is a policy and help me get there. and he would try to bring in people from the other side to get that done. that wasn't always possible and people didn't always agree with him, but that was a bert approach and got more d
a dime. it gets zero federal tax dollars. congressman darrell issa, he lives in a different world. he is the leading republican in charge to end saturday mail delivery and cut jobs. >> i think the american people look at the post office as something they don't use very much, but would like to have it still around. >> really? they don't use it very much. darrell issa acts like the postal service is just a luxury and always has been. americans depend on the postal service to deliver things like medicine, absentee ballots, fed ex and ups. they couldn't get into some of these neighborhoods hit hard by hurricane sandy. u.s. letter carriers delivered. but republicans think the postal service should do even more. >> like any business, ups, fed ex, the post office, it can live within its means if it makes appropriate changes. >> how can he say that? how can he say that with a straight face and have any integrity whatsoever? the post office is already required to live within its means. it pays for itself. i challenge the congressman from california to name any other business that could stay op
's instant opposition is not about raising taxes on the wealthy, like last year. nor is it about proposing to raise the tax cuts. this time the issue is gun safety, including universal background checks supported by nearly nine out of ten americans. the president, once again, is taking his message to the people. as did he with _#$40. >> i promise you the american people, your voices, made a difference on this debate zoosh as he did with _#my2k. >> if there's one thing that i have learned, when the american people speak loudly enough, lo and behold, congress listens. >> yesterday the white house launched _#now is the time. >> this will not happen unless the american people demand it. >> the president has a new website explaining the proposed laws. he penned an op ed in the connecticut post today, and he is planning to hit the road to sell his plan with speeches around the country. as the white house tries to engage the public, senate majority leader harry reid will try to engage the senate. in a statement yesterday reid wrote "i am committed to insuring that the senate will consider legisla
the cooperation from the political parties who say taxes how much they spend and how much they regulate. by that, it is just not sufficient. we spoke about last night was about the banks, not monetary policy. david: there is a conflict with regards to the fed interest and pump up the market, if you will, and unemployment mandate for the employment mandates you just mentioned. stocks go up and companies lay workers off, that happened with american express and in the past with other companies, so if the intention of the fed is to pump up the stock market, doesn't that sometimes conflict with its mandate to keep unemployment low? >> they're all kinds of approaches to this, david. one of them is the wealth effect, if stocks go up, through the broad pulls the mutual fund or more directly obviously feel wealthier and will be able to spend more and pump of consumption with consumption driven society others might argue it is a narrower base than it used to be, so it is a give and take, pros and cons of every single argument. clearly those publicly traded have been able to capitalize themselves in a bett
they look at it this way, for every dollar they send to washington every year in taxes, here's what they get back, 61 cents, new jersey. new york 79 cents. in kansas mayim bialik say you are loading off of us every year. you get 1.12 for every dollar you send in. don't they deserve their money back. >> i don't know what those numbers are. we have an america that everyone is getting more than they send in. 40 cents of every dollar back in washington, d.c. for relief aid or any other purposes is borrowed. what we are trying to do if you are going to spend 50, 40 billion or $10 it should be done in a fiscally responsible manner, especially if 80% of the aid is not going to be spent until 2015 why rush it through? there's going to be pork items, smithsonian and other places have nothing to do with disaster relief and that what happens around here too often. when we borrow 40 cents out of every dollar make sure it gets to those who need it and there are millions of americans in need. >> the congressman when he mentioned the drought affects you in kansas. there's a drought according to the agricul
. >> jared, is there a realistic prospect for something that could respectably be called tax reform or is that simply an exercise to raise a little bit more revenue? >> more of the latter than the former in my humble opinion. it's great they're all getting along today as hampton was telling us, but the idea of very deep tax reform seems pretty difficult given the disagreements up there. on the other hand, you were mentioning this earlier and i agree, the deal will involve both revenues, probably from the tax expenditure side, and spending cuts, and as has been said, the president has significant spending cuts on the table. >> corporate tax reform? >> possibly, but i'm not sure -- that again is going to be lower rate, broader base. i don't know if that's real massive tax reform. >> a second coming out for the obama daughters who have grown up before our eyes. >> people say that the president looks older. those girls look older than they did four years ago, and they, of course, have grown up in the bubble of the white house. >> in percentage terms they've gotten older than he has. >>
the battle of spending your tax dollars . a showdown looming between the congress and president on the debt ceil tonight how majority of the americans think that the problem should be solved. >> and hot cars. fox reports from what is billed as the greatest collector car auction. i am harris falker. we start with americans held captive taken by terrorist in the bp oil plant inside of gerl -- algeria. some of our people have been breaking free of the evil captor and that siege in the oil plant is over. we can now confirm the algerian army stormed the complex and ended the siege. president obama stands ready to provide the assistance for gerl - algeria in the aftermath. so many conflicting reports as we got word of the terrorist attack. we know that lives have been lost, but the question is how many. defense secretary leon pan nela speaking today. >> since 9/11 we made clear that, that nobody is going to attack the united states of america and get away with it . for that reason we have made a commitment that we are going to go after al-qaida wherever they are and wherever they try to hide . we
, the president signed into law. >> there will be no more tax-funded bailouts. period. >> years of spending added up and the debt ceiling talks of 2011 led to a budget standoff between democrats and republicans who had taken back control of the house in the mid-terms. >> is there a risk that the united states could lose its triple-a credit rating, yes or no? >> no risk of that. >> no risk. >> the debt ceiling was raised in august, the political fight and the spotlight on the count row's deficit and debt problems led s&p to downgrade the u.s. credit rating for the first time in history. >> geithner steered the major economic moves in the first term, now he's stepping down at treasury. the pick to replace him is jack lew, who has established a close relationship with the president. he is know chummy with the republicans on the hill after the debt ceiling negotiation. for that reason and other, his looming confirmation hearing could be bumpy. but if confirmed, lew will likely be dealing with the top issue in this second term, how to get the economy moving and addressing the count re's long-term fisc
at that conference yesterday. it's the new iteration of the president's campaign operation. it is a tax-exempt group. it can accept unlimited donations. it does not have to disclose its donors, although the president's new organization says it will. it says the main purpose is to mobilize support for the president's second term policy goals. this is something new. after president george w. bush won reelection in 2004, he did not have an entire campaign structure at the ready, millions of supporters strong mobilizing behind him and raising money for him to achieve his second term goals. president clinton didn't have anything like that when he was elected to a second term. no president has had an independent group do that. but barack obama now has that. his election campaign has been turned into an independent group. the chairman of the new group will be a man named jim messina. he is not exactly a political lightweight. his last job was in fact running president obama's 2012 reelection campaign. to have jim messina in charge of this thing means this is not a place where emeritus your friends to keep
the commerce clause. >> right. >> what he said was it was a tax. >> must have been a mix-up in the prenotes of the preinterview. but let's see a shot in freeze frame. this is the face of a truly confused man. the elevator doesn't go all the way to the top here, folks. if only sean hannity would listen to his boss, he might not be so confused. "the constitutional right about guns is for self-defense and hunting. founders did not mean modern weapons of war." lining up the crazy is not a difficult task for the right wing these days. but this rhetoric and hysteria i think is very dangerous. there is no basis to call the president of the united states a tyrant or a dictator, and no president ever deserves to be compared to stalin or hitler. but of course it continues. it happened earlier this week. someone needs to be an adult in the room to tell them to cool it. you know? this is america. but abusing the first amendment really is not good. there is a responsibility when you're in front of a camera and you have a microphone. and if this is the way they want to use it, what do you think is going
mean, you really think we must be doing terrible. we have higher payroll tax, a gridlock in washington, but the actual job growth is very out of sync, and it almost says like, listen, we got rid of this, let's start hiring. we may be looking at this debt ceiling, and i'm going to invoke shakespeare, the bard, that this may be much ado about nothing. i'm going there. right here. >> right now? the cliff is -- >> don't you love -- you know, when i first heard, i thought what a great title, i said no, moran, take the shakespeare course first the it's going to be claymation death match, maybe ufc, you and i watch that in our spare time -- not -- but i don't think it's as important as getting through the fiscal cliff. people are hiring again. >> dow transports continue to hit six-year highs. >> even as crude is up 95. >> it's like a market that has transport leadership. did you see union pacific? we had mike's southern on "mad money" he says point-blank, the hole has bottomed and is starting to go higher. and be good to the shutdowns, the coal plants. don't forget china has been burning coal
financing. they are doing a great job. they did not raise taxes. in addition, we have a very business friendly atmosphere. if you come to texas, we will not pull the rug out from under your feet. connell: businesses, sometimes individuals, sometimes larger businesses are leaving state than going to others mostly because of taxes. how much of that juicy and texas in texas and what industries is a really predominate. >> we do not have an income tax. that is a powerful magnet. they do not expect us to go ahead and spend beyond our means. they, in because of the business atmosphere and because we like visitors. a friendly place. the idea of getting to the numbers that you talked about during the first part of the interview and getting through the projections that this particular group put out that this $9 billion gap, specifically, how do you get there sure mark where did the cuts come from? >> i do not know where that number came. there will be a supplemental appropriations bill which we filed in a few weeks. they will fill some of the medicaid that we do not have. it is available in the
is the republicans have agreed to raise taxes. they refused to do that for a generation. i think there will be a change on immigration. i think there's potential for bipartisan work on energy. the republican party's got to find its way back to some kind of restoration if it wants to get the white house back if it wants to control the senate again and move beyond the house. the movement they've had on the debt ceiling, democrats would call it gimmicky on some level. but we want to choose our fight difficultly. they want to push the president to deal with the spending problem this government has. you know what? all the polling reflects the fact that they're right. americans want a better economy. they want compromise. they want to cut government spending. so republicans are on the right track there. the question is how do they find a way to pressure the president in a way that's different tanhan what they've done. >> eugene? >> i think the question is whether the republican establishment, such as it is can bring along the rest of the republican party, the tea p
. boehner first broke his rule on new year's day when he allowed a vote to avert the fiscal cliff on taxes. apparently there's an addendum to the boehner rule. the majority of the majority, unless the country is on the verge of a tax crisis, or chris christie has access the to a megaphone. christie made sure this week that republicans knew he would use it. >> and i'll say again, new jersey does not expect anything more than what was done for louisiana and alabama and mississippi and if they want to make new rules about disasters, they picked the wrong state to make the new rules with. >> and yesterday, new york congressman peter king, who berated boehner when he failed to bring the bill up at the end of the last congress, ignored the divisions within his party, saying time for recriminations is over. >> i'm proud to stand here today with all of us united. now, maybe your divisions to vote, but all of us are committed to getting this done. i want to thank the chairman of the rules committee, mr. sessions, for the great job they've done in bringing it here, with a fair rule, and allowing for
of a tired trade there. >> well, with a 1% increase -- i mean 2% increase in taxes with payroll, it is like a dollar increase in gasoline. so they are going to have to find it from somewhere. david: i love your analogies. dan, thank you very much. and chris, gentlemen have a great weekend. appreciate you coming in. >> thank you. >> thank you. liz: our government has money to pay the bills for about another month, but the house is going to vote just next week on raising the debt ceiling, at least temporarily. is there a real chance we won't need to wait till the last minute for a deal? we will have the latest. david: interesting novel concept. plus, reaction from a member of congress who is looking to say good-bye to the debt ceiling all together. that representative is going to be here for a debate coming up. liz: while the battle wages in washington, you could be profiting. i mean, listen, come on, don't wait. find out how you can trade the debt ceiling. there is a way. keep it right here on fox business. ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' go
doubt bringing forth the preponderance of what bile and venomous language and a tax. what is the point of all? >> look. plenty of denigration on both sides to mend a disagree with all of it. you can disagree without tearing somebody down and he had every right to say what he said on sunday. that is his opinion. he speaks from personal experience. lou: no one is attacking him. wait a minute. nobody here is suggesting he does not have a right to do it. no one is suggesting -- i mean. [talking over each other] >> he is -- he used the preference of things that he witnessed during his campaign. we'll did. >> shucking and jiving, those are racist comments? -- lou: to buy applied to to read these words to iraq i mean, the president himself has described himself, as you know, as lazy. is this a word that somehow is one that i cannot use? and mean, this is a tax on both sides of the aisle, and sometimes there is real racism than these to be pointed out. >> that is like crying wolf when it is not there just first the whole cause. when susan rice did not good to be secretary of state democrats sa
: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business exclusive interview is forex.com senior currency strategist. welcome. currency markets are moving today. currency is a bit of great interest with regards to the european currencies and there's japan. big meeting today, bank of japan, more concern about deflation in that country, what is your reading right now on the country of japan and the yen in particular? >> they have been taking some pretty extraordinary measures over the past to months or so -- past two months or so. been very very aggressive in terms of easing the japanese yen. he believes that's going to be the major thing to turn around
their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> that's a real ad. that, my friends, is political pornography. >> that's one of the grossest things i've ever seen in my life. >> i don't know what to say. joe? >> what's wrong with these people, mika? what's wrong with these people? you have children that had no say in the decision on whether their father was going to step forward to be president of the united states, to run for president, one of the most bone-crushing sacrificing things any husband or wife can do to their family. and the second they make that decision, their children and their entire family have targets on their backs. and the nra is putting something out like -- what's wrong with these people, putting out apps that 4-year-olds can play on the anniversary of the newtown murders, and now putting out an ad talking about the president's daughters? >> they are out of step, out of the mainstream, totally out of sync with what's going on in our society. and quite f
at the tax and regulato regulatory, if it's cheaper to make it in china and ship it here. that's not the company's fault, that's the government's fault. you see toyota expanding in mississippi and i think volkswagen in tennessee and what do those states have in common, oh, yes, right to work. so the problem isn't so much -- it's partly the tax aof the government and the punitive costs of unions in states like michigan which has now gone right to work and see how that affects the auto industry. at the end of the day, 26.5 of the auto bailout was a direct check written to the united auto workers and the democrats 2012 in the election cycle. >> and joining us live to tell us how mitt romney is right, ironically he we find that out on the day the president is sworn in for a second term. seton, thank you very much. >> thank you. >> they've committed horrific crimes and now are asking for forgiveness and someone to love them. that story is straight ahead, match.com. and they were hand picked to sing at president obama's inauguration, we're seeing how the big choir is preparing for th
taxes, but there are a lot of people who are lower down the food chain, the economic chain, who are also paying lots of taxes relative to their income, and they need help. we need more education work being done in this country. we need a solid immigration policy. we have to look at climate change. there are a lot of things that the american people are expecting, and the republican party, as they get ready for the next election, really has to focus on some of these issues and not ignore them. >> chris, what's sad to me about that is that by virtue of mentioning the phrase climate change, it's almost like colin powell has kicked himself out of the republican party. this party used to play ball on that issue. now they're denying the actual science behind it. they have swung so far right, and my question after all of this, after that interview which was incendiary and was very much a line in the sand for the gop -- >> it's history making. >> -- when will the republican party admit they have a problem? because every time something like this happens, there is a doubling down, there is a defens
liabilities taxes. 90% agree with him, for example, on universal background checks on the purchase of a weapon. it's very different from what happened with george bush when he won a very narrow victory in 2004, and then said he had a man date and decided he had a man date to privatize social security which was deeply unpopular. the great strength of the president here is he knows what he wants to do, he's very focused, and he has the country with him. some of this stuff is going to be tough to get through congress and you may have to fight it in the midterms and beyond, but he's going to make real progress, i think, because of what he believes and because he's got the country with him. >> well, these are kind of fundamental issues for a president, guns and keeping the government gorg and fighting for his foreign policy team. it's not like he's looked for a fight. let's face it, newtown forced everybody to deal with this. >> newtowns changed everything. >> i don't think he's looking for a fight. i think he's found one. >> i agree with you. i think since the election this has been the best perio
with early in his second term, after raising taxes and offering no spending cuts a few weeks back, here is what president obama said monday about the debt ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in
influx of patients coming into the hospital. it's really sort of taxed the entire hospital system. we have patients in our emergency room, have crowded a lot of patients in the emergency room. we've used a lot of techniques to accommodate the influx of patients we've seen. >> are you seeing at least at press, are other hospitals, those extraordinary measures that some have taken, are they beginning to pull back a bit? >> we're not pulling back yet. as i said, we've seen a slight decline in the last couple days. but we want to make sure it actually starts falling considerably before we pull back. we've got additional staff on board. we've opened up additional units in order to take care of these patients. we've created new protocols in our emergency room to tri to triage them so make sure they're not mixing with the other patients. those policies will still be in place for the next couple weeks likely. >> in kitchens, and offices around the country, people are still talking about whether to get a vaccination, right? >> yes. >> they can start as early as october. if you haven't gotten a
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